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Wife is pregnant, will this affect mortgage application?
Comments
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TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...
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Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.1 -
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.1 -
Not sure how it's considered sexist. Men can take paternity leave also for a year in stead of the woman. The question is simple, regardless of the reason the answer is yes, you will have a change of circumstances.kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...0 -
The implication was that anyone contemplating pregnancy should be declaring it to a potential lender. Would the same be expected of a man?kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
tbf in this instance, we've long passed the contemplation phasesilvercar said:
The implication was that anyone contemplating pregnancy should be declaring it to a potential lender. Would the same be expected of a man?kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...
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You will need to show payslips 3 months from previous to the date of application.
I am not an adviser but in my own personal situation of applying, if these aren’t going to show anything related to maternity leave and look like a standard payslip I would say nothing regarding the pregnancy personally.
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If there is anything which might increase outgoings or reduce income I would urge a client to allow us to disclose it. If they say no, chances are they would need to look for a new broker. We have anecdotal evidence of clients learning their affordability from us then going elsewhere and being offered more by the same lender. The only possible difference we can see is the omission of a future or current dependent.silvercar said:
The implication was that anyone contemplating pregnancy should be declaring it to a potential lender. Would the same be expected of a man?kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...I am a mortgage broker. You should note that this site doesn't check my status as a Mortgage Adviser, so you need to take my word for it. This signature is here as I follow MSE's Mortgage Adviser Code of Conduct. Any posts on here are for information and discussion purposes only and shouldn't be seen as financial advice. Please do not send PMs asking for one-to-one-advice, or representation.0 -
Where is the line, in your view? early stages of pregnancy? trying to get pregnant?kingstreet said:
If there is anything which might increase outgoings or reduce income I would urge a client to allow us to disclose it. If they say no, chances are they would need to look for a new broker. We have anecdotal evidence of clients learning their affordability from us then going elsewhere and being offered more by the same lender. The only possible difference we can see is the omission of a future or current dependent.silvercar said:
The implication was that anyone contemplating pregnancy should be declaring it to a potential lender. Would the same be expected of a man?kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...I'm a Forum Ambassador on the housing, mortgages, student & coronavirus Boards, money saving boards. I volunteer to help get your forum questions answered and keep the forum running smoothly. Forum Ambassadors are not moderators and don't read every post. If you spot an illegal or inappropriate post then please report it to forumteam@moneysavingexpert.com (it's not part of my role to deal with this). Any views are mine and not the official line of MoneySavingExpert.com.0 -
kingstreet said:
If there is anything which might increase outgoings or reduce income I would urge a client to allow us to disclose it. If they say no, chances are they would need to look for a new broker. We have anecdotal evidence of clients learning their affordability from us then going elsewhere and being offered more by the same lender. The only possible difference we can see is the omission of a future or current dependent.silvercar said:
The implication was that anyone contemplating pregnancy should be declaring it to a potential lender. Would the same be expected of a man?kingstreet said:
The question applies equally to men as it does to women. A new dependent is a change for anyone who is, or will be, party to the mortgage.silvercar said:
Your answer is beginning to look like a sexist response. Is any female of child bearing age required to say they may want to take maternity leave in the short-medium term?MWT said:TheJP said:Yes to a degree i agree, but what I'm saying is that the OP will be paying the mortgage likely for 6 months on full salary after the offer is received. It would be different if they were on maternity leave already. They legally don't have to tell the lender they are pregnant, if the lender asks if they have any dependants they don't at this stage. Next time will be different.The question as asked is a forward-looking question, not asking about their current circumstances, to answer 'no' to that forward-looking question would be incorrect.Similarly they are not being asked about the pregnancy, only about what they can reasonably foresee about their financial circumstances, and it is reasonable to say that they can foresee significant changes in the near future...They can mitigate the reaction to the answer with the details about their savings and their plans for child-care of course...Can I just slightly turn the question here? I fully hear you about declaring, and that's not an issue I think - I'd rather declare things than worry about being found out, overall!However, there's a fair chance my wife might want to go down to four days a week after coming back off maternity leave. I appreciate that means our earning goes down while our expenses go up, so mortgage companies would be less enthusiastic. However... she's not going to talk to her work about that until she has to - and of course work might not allow that anyway! So in any questions on a mortgage form and / or need for letters from employers, how would you play that?0
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